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The Latest Breaking News from Asia

ADB, StanChart ink partnership to support Indian firms across supply chains

The Asian Development Bank and Standard Chartered Bank have partnered to boost supply chain finance in India. Agreements include risk-sharing for USD transactions via GIFT City and a guarantee facility for rupee transactions, aiming to expand access for businesses and enhance trade flows.

The Economic Times

CKGSB Opens Applications for Asia Start Program in November 2026 after a Successful May Edition

BEIJING, June 3, 2026 /PRNewswire/ -- Cheung Kong Graduate School of Business (CKGSB) successfully completes its May edition of the Asia Start Program. The May cohort brought together a diverse group of 25 senior executives from 19 countries across Europe, Australia, Asia, and the Americas, representing industries ranging from technology…

AAP

Asia's industrial supercycle is outpacing the West Asia oil shock: Chetan Ahya, Morgan Stanley

A China-driven supply realignment, cutting gas imports by 45% and oil by 30%, has effectively added 7.5 million barrels daily to global markets, neutralising energy price fears. Morgan Stanley's Chetan Ahya argues a broad-based capex boom across AI, energy, defence, and industrial sectors is powering Asian growth, while urging India…

The Economic Times

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China out, India in? The Japanese begin a quiet but powerful pivot

Japanese banks are increasingly shifting their Asia strategy from China to India and Southeast Asia as slowing growth, rising costs and geopolitical risks reduce China's appeal. Over the past five years, Japanese regional banks have cut their branch presence in China by about 20%, while lending by Japan's three megabanks…

The Economic Times

TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest person

Zhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index. The ByteDance cofounder’s fortune swelled more than sevenfold since Bloomberg started tracking his wealth in March 2019, when he was worth $13 billion.

The Economic Times

OECD warns prolonged Middle East war could sharply slow global growth

The global economy faces uncertainty due to the Middle East conflict. The OECD warns of recession and rising inflation if the war continues into next year. A prolonged conflict could significantly slow global growth. Asian nations heavily reliant on Middle East energy supplies are expected to face the biggest impact.…

The Economic Times

Asia rice surges 20% in May as war and weather threaten output

Asian rice prices experienced their largest monthly surge in nearly two decades in May, driven by weather risks and escalating energy and fertilizer costs. Farmers in import-reliant Asia are facing high input expenses, with some delaying or skipping planting.

The Economic Times

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VINEXPO ASIA 2026 IN HONG KONG REAFFIRMS INTERNATIONAL CONFIDENCE IN ASIAN MARKETS

HONG KONG, June 3, 2026 /PRNewswire/ -- Held from 26 to 28 May, the 2026 edition of Vinexpo Asia consolidated Hong Kong's position as a major platform for wine and spirits trade in the Asia-Pacific region. Bringing together 14,273 trade professionals from 76 markets, compared with 59 in 2024, and…

AAP

Global Market Today: Asian stocks edge up, Yen nears 160 per dollar

Asian stocks followed Wall Street higher, driven by renewed enthusiasm for AI-linked equities, pushing the S&P 500 to a ninth consecutive gain. The yen neared the 160-per-dollar level as traders awaited clues on Bank of Japan interest rate policy. Meanwhile, Brent crude rose amid reports of US forces intercepting Iranian…

The Economic Times

War shifts 80% of India's diesel exports to Africa

India's diesel exports saw a significant shift in May. Africa became the primary destination, absorbing over 80% of shipments. This change happened as demand from Asia and Europe weakened. Geopolitical tensions also reshaped global diesel trade flows. Higher refinery operations in Asia reduced import needs. Europe received no diesel, while…

The Economic Times

First contact: Uzbekistan's rise to the global stage

Uzbekistan will make its World Cup debut at the 2026 tournament in the United States, Mexico and Canada. In the second instalment of a four-part series, RFI looks at the journey of the first team from central Asia to qualify for the competition in its 96-year history.

Radio France Internationale

DAMAC Digital reaches 6,000MW planned IT capacity landbank across North America, Europe, Asia, and the Middle East

CANNES, France and DUBAI, UAE, June 2, 2026 /PRNewswire/ -- DAMAC Digital, a global digital infrastructure provider owned by DAMAC Group, has announced that its planned IT capacity landbank has reached 6,000MW across 13 countries and a planned portfolio of 35+ sites. The company is on a trajectory of global…

AAP

How medicine forgot women and why Asia cannot afford to make the same mistake

Women’s health has long been treated as a specialised category - its own clinics, its own awareness months, its own funding silo. That framing is problematic because women’s health is a missing layer of healthcare infrastructure, not a niche. Until it is designed into the foundations of how we build,…

The Times of India

Asian shares mostly slip as latest fighting undermines the US-Iran ceasefire

Asian shares are mostly lower as renewed fighting threatens the U.S.-Iran ceasefire

AAP

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The Economic Times

The Iran war is pushing the global gas trade into the shadows

As the Strait of Hormuz remains under Iranian control amid the ongoing West Asia conflict, Qatar has quietly resumed some LNG exports by adopting tactics more commonly associated with the oil industry's “shadow fleet.” LNG carriers are increasingly switching off transponders, travelling in pairs, and making “dark transits” through the…

The Economic Times

Why Asia's oil lifeline can't survive on US crude alone

Asian nations are receiving more crude oil from the United States. However, these increased shipments cannot fully replace oil lost due to the closure of the Strait of Hormuz. This situation is creating supply challenges for refineries. Experts believe prices for refined fuels may rise. Less developed countries in Asia…

Euronews

From Almaty to the skies: Kazakhstan tests Central Asia's first air taxi

Central Asia's first air taxi test flight has taken place in Kazakhstan, as authorities and private partners work to develop a new urban air mobility network. Commercial trial operations are expected by early 2029, subject to certification and regulatory approval.

AAP

Asian shares mostly slip as latest fighting undermines the US-Iran ceasefire.

Asian shares are mostly lower as renewed fighting threatens the U.S.-Iran ceasefire

Get all your
news in one place.

100's of premium titles.
One news app.

AAP

Stocks bounce as AI optimism offsets Mideast anxiety

AI optimism and strong tech forecasts have driven a global stock rally, while oil has slipped on new hopes of a US-Iran deal after comments by Donald Trump.

Fortune

Why Amy Lee, the niece of Singapore’s first prime minister, helped launch a crypto-friendly bank

Singapore Gulf Bank comes from a partnership between the Whampoa Group and Mumtalakat, Bahrain’s sovereign wealth fund.

AAP

The 6th BEYOND Expo Wows Visitors with Showcase Asia's Tech AI: Digital to Physical becomes Reality in Macao

MACAO, June 1, 2026 /PRNewswire/ -- The 6th BEYOND Expo concluded its 'AI: Digital to Physical' technology showcase of new products, innovative tech, thought leadership and candid industry debate setting the direction for the future. From humanoids for industry, retail and the home, to aviation, education, food, healthcare, marine, sport,…

AAP

Admire The International Fireworks Festival From Southeast Asia's First Nobu Residences

DA NANG, Vietnam, June 1, 2026 /PRNewswire/ -- The allure of the Danang International Fireworks Festival (DIFF) once again affirms the city's status as a global destination. In this vibrant context, the debut of Southeast Asia's first Nobu Residences not only elevates the urban landscape but also grants its prestigious…

Euronews

Kyrgyzstan calls for more Asian, African and Latin American seats on UN Security Council

As he announced his country's candidacy for a non-permanent seat on the UN Security Council, Kyrgyzstan's Foreign Minister Jeenbek Kulubaev called for its reform to include greater representation from Asia, Africa and South America.

Euronews

Higher airfares and fewer visitors: How the Iran conflict is hitting Southeast Asia tourism

Tourism across Southeast Asia was finally recovering from the pandemic. Now, soaring fuel prices, flight disruptions, and growing economic uncertainty linked to the Iran conflict are threatening to slow demand just as the region enters its crucial summer travel season.

The Independent UK

Heatwave could fuel invasion of Asian hornets in the UK

In 2025 there were 544 Asian hornet sightings with 161 nests confirmed – more than double the number reported the previous year

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